Tag: debt

Hidroelectrica repaid all of its short-term debts – Romania, 17 May 2016

According to the latest report from Euro Insol, judicial administrator of Romanian insolvent electricity producer Hidroelectrica, the company has paid all its short-term debts and have started to make profit from the interest. At the end of March, Hidroelectrica has paid in full its short-term financial debt, which amounted to over 180 million euros at […]

NIS to collect entire debt from Srbijagas in 2016 – Serbia, 14 May 2016

Late last year, the Serbian Parliament has passed a law, according to which the Serbian state will repay the debt of Srbijagas to oil company NIS in the amount of 188.6 million euros. In accordance with the dynamics stipulated by the law, on 31 December last year NIS collected 20 % of the debt from […]

No risk of insolvency for EC Oltenia – Romania, 11 May 2016

Romanian Minister of Energy Victor Grigorescu announced that there is no risk of insolvency for Energy Complex (EC) Oltenia, although the repayment of the company’s debt could take years. Minister Grigorescu stressed that the company has achieved some positive results in the past four months, however it cannot completely recover after just these four good […]